Inflation Accelerates in Brazil for a Third Consecutive Month, Economists Baffled

“Brazil’s inflation accelerated in November for the third month, as prices rose more than all forecasts from economists surveyed by Bloomberg, limiting the central bank’s room to provide more stimulus for the struggling economy. Swap rates jumped.

Prices as measured by the benchmark IPCA index rose 0.6 percent in the month, the national statistics agency said today in Rio de Janeiro. The highest estimate from any of 39 economists surveyed was for a 0.56 percent rise, and the median call was for an increase of 0.5 percent. Annual inflation accelerated to 5.53 percent from 5.45 percent the previous month….”

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